£1bn UK fund up for grabs January 30, 2012 LEADING investment fund managers are competing to control up to £1bn of UK government money, as part of a scheme that aims to make it easier for medium-sized firms to raise funds. The Treasury has called for applications to take part in its Business Finance Partnership (BFP) scheme, which aims to break the control of [...]
Barratt sees first half profits rising January 12, 2012 HOUSEBUILDER Barratt Developments yesterday reported a surge in first-half operating profit and a rise in sales. A focus on margins is helping UK housebuilders recover their footing after several difficult years, supported by new and cheaper land and a shift from apartments towards houses, which is lifting average selling prices. Barratt, one of the larger [...]
Capital Shopping Centres secures new debt facility November 21, 2011 CAPITAL Shopping Centres (CSC), the UK’s biggest mall owner, has secured a £375m credit facility from a consortium of five banks to help provide “general liquidity” to the company. The owner of Manchester’s Trafford Centre and the MetroCentre in Gateshead said yesterday that the revolving facility would replace a previous, undrawn £248m facility that was [...]
Barratt stays upbeat due to higher prices November 16, 2011 SHARES in Barratt Developments rose seven per cent yesterday after the housebuilder said it was on track to report a “significant” improvement in its full-year profit, boosted by higher reservation rates and selling prices. The UK’s largest housebuilder said the average weekly number of reservations for new homes rose by 25.9 per cent in the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 9, 2011 FINANCIAL TIMES WATCHDOG HITS FRENCH AUDITORS French auditors have been lambasted by the UK’s leading accountancy regulator for their performance during the Greek debt crisis. Stephen Haddrill, chief executive of the Financial Reporting Council, criticised the way French banks and insurers had been allowed by their auditors to post smaller losses on Greek government bonds [...]
LEWISHAM, SE13 September 15, 2011 RENAISSANCE Price: £181,000 This second floor, one-bedroom flat comprises 470 square feet, including a private balcony. It is situated in a development with landscaped gardens, opposite Lewisham DLR station. It was designed in collaboration with artist Phil Coy whose signature feature is the development’s eye-catching coloured glass exterior. Contact: Barratt Homes on 084 5871 0005 [...]
Barratt posts its first profit in three years September 14, 2011 BARRATT Developments, the UK’s biggest housebuilder, hailed its first underlying profit in three years yesterday, helped by higher selling prices, and expects to make further progress despite a sluggish housing market. The group reported a full-year profit before tax and exceptional items of £42.7m compared with a loss of £33m in 2010, beating market estimates. [...]
Barratt back in the black September 14, 2011 Housebuilder Barratt Developments returned to profit for the full-year, helped by higher selling prices, and said it expected to make further progress despite the constrained housing market. The country’s largest housebuilder by volume reported full-year profit before tax and exceptional items of £42.7m, at the higher end of market estimates, compared with a loss of [...]
THE WEEK AHEAD September 11, 2011 COMPANY NEWS ● Today, Pan African Resources announces. The Aim-listed company is producing 100,000 ounces of gold per year and will be hoping for glittering results. ● Tomorrow, Abcam and Ashmore both announce. Abcam is a biotechnology company based in Cambridge’s Science Park, which sells research antibodies. ● On Wednesday, Barratt Developments and Galliford Try [...]
DALSTON, LONDON September 8, 2011 DALSTON SQUARE Price: £425,000 Dalston Square is a £160m development in the heart of Dalston, just two miles from the City. This three-bedroom apartment is on the second floor with a balcony. In total, it comprises 919 square feet. Contact: Barratt Homes on 020 7241 1833 or go to www.barratthomes. co.uk/London ARTHAUS, LONDON FIELDS Price: [...]